5% - 10% profit per day trading

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Aloha everyone, anyone trading today??

I said 2days ago on weekend that oil should be bought then at the 37s with target set at 40.86 t 41.26... :)

Im really glad to see that a few people did follow that call, and thanks for all the private messages thanking me. (blush)


I also said monday or yesterday that i would be looking to 37.26 / 39 as potential buying level.

(Although i wont be trading myself till next monday as the reactions are all too slow at moment cos lack of liquidity and volume cos the holiday).



But if anyone wants to test it on virtual account or have a little dabble with real money ive attached chart to show why i would be looking at 37.26 as a potential buying entry place.

(You can also see how the market has been reacting to the lines over these last few days as its been ranging slowly).
 

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great calls as always spanish!
Ive had a great end to the year and have been trading a fair bit. Im am nearly at £65k with my account ! :)
(can post screenshot if anyone doesn't believe me but ive posted hundreds now and am getting bored of it, lol)

I plan to ablsolutely kill the market in 2009 and am thinking about buying a place in a nice hot country (cant plan that yet though. Need to carry on trading like i have been at least up until the summer)
 
k it fell to 37.26, bounced instantly 20ticks to .46,
and now just hovvering sideways at 37.20


Its down $2s straight, not much but in dollars but in % thats over 5% drop straight down, so likely to rise soonish.


If it can break through the 37.19/37.06, then 37.68 would be an extremely strong support and i will probbaly buy it there, target will be 38.59 for that trade.


Although cos lack of volume + inventory numbers out today i may not take the trade
 
The 37.06 level held, and kept it sideways at the .19 level for most the morning,
and then we got the bounce to 37.86.


If it keeps rising the next key level will be 38.46
 
Quote from spanish89:

If it can break through the 37.19/37.06, then 37.68 would be an extremely strong support and i will probbaly buy it there, target will be 38.59 for that trade.
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*I meant 36.68 and 37.46/59
 
Quote from MJUK:

I just shorted the 30-year Bond.

There is very strong resistance around the 142'000 mark.

Shorted at 141'150 with a stop at 142'100.

I am running head on into a train but if this breaks it could fall to 135 or even 121.

I just can't see how bonds can go much higher. We have effectively zero interest rates. Even if the FED starts buying up Bonds using printed money the price won't go much higher as there will be negative pressure on the price due to the inflation printing money will cause. We will see. I have lost plenty of money being right in the past though!
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Well running into a train sometimes works. :)

My postion went against me initially but the 142'000 resistance held and it broke the down side range of the channel it has been in for three weeks and has found support at the previous swing high. I have moved my stops just above the previous support area with the hope of more downside to follow in the new year.
 
FUKCING HELL LOOK WHAT HAPPEND TO OIL!!!!!!


i only got the alert cos of a text alert that id set weeks ago, but got texts saying oil brokein 43.86, so i rushed to my mates laptop as fast as i could, but didnt have time to get ig charts up and everything so got sorta shit entry at 43.80,
but got £9 sell in there with target oil hitting 40.19


This spike of 14% is huge!!!


Especially since supplies were more than expected and so was gasoline.

only negative thing was the refinery usage down 2%




Anyone else got sells in??
 
Quote from spanish89:

FUKCING HELL LOOK WHAT HAPPEND TO OIL!!!!!!


This spike of 14% is huge!!!


Especially since supplies were more than expected and so was gasoline.

only negative thing was the refinery usage down 2%
More...

Short term supply and demand is not what is driving oil.

As you observed recently it is being driven by War and rumors of war.

Iran is getting restless.

Now it would be interesting if, as a protest Iran and SA refused to sell any more oil until Israel cut out the bombing. That would get the world's attention.
 
Quote from spanish89:

FUKCING HELL LOOK WHAT HAPPEND TO OIL!!!!!!


i only got the alert cos of a text alert that id set weeks ago, but got texts saying oil brokein 43.86, so i rushed to my mates laptop as fast as i could, but didnt have time to get ig charts up and everything so got sorta shit entry at 43.80,
but got £9 sell in there with target oil hitting 40.19


This spike of 14% is huge!!!


Especially since supplies were more than expected and so was gasoline.

only negative thing was the refinery usage down 2%




Anyone else got sells in??
More...

I am in Short too, I belive in monday some time this drop ........
 
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